International property management group Hamilton & Co has acquired a 90,000 m[sup]2[/sup] development land portfolio in Poland from two funds managed by Horizon Financial Services.
International property management group Hamilton & Co has acquired a 90,000 m2 development land portfolio in Poland from two funds managed by Horizon Financial Services.
Hamilton & Co has transferred the land to its newly created Polish real estate arm, JF Hamilton Polska FIZ.
The assets, valued at PNL 100 mln (EUR 21 mln), consist of a number of mixed-use development projects totalling some 90,000 m2 in the cities of Krakow, Szczecin, Swinoujscie, Sklarska Poreba and Gorzow. The package also includes a 15,000 m2 hotel project in Swinoujscie.
Tom Bucknall of Hamilton & Co said the purchase is in line with the company's expansion strategy in Poland. 'We are in the process of raising new funds to take these projects forward and we are also reviewing several acquisition opportunities in Poland,' he told PropertyEU. The company will be targeting additional projects with building permits in place for a mixture of residential and commercial space.'
Earlier this month, Hamilton & Co also completed the purchase of Sekyra Group, a Bratislava-based business with retail, residential and office developments in the Slovakian capital.
The company has been active in the Czech Republic and Slovakia since 2006.
